Man of Steel Tariffs
By Nate Jackson
The economics of his tariffs, as we argued last week, are a mixed bag. While obviously, the steel and aluminum industries will benefit — indeed, companies are already announcing expansion and jobs — industries dependent on steel and aluminum will suffer, jobs will be lost and many products will become more expensive.
But those aren’t Trump’s only considerations. During his televised signing ceremony, he declared, “Today I’m defending America’s national security by placing tariffs on foreign imports of steel and aluminum.” Aside from any real national security concerns, there are two reasons for his focus. First, in order to act without Congress, he must justify it on national security grounds. Were the tariffs only for economic reasons, he’d be stuck waiting. Second, the same justification avoids World Trade Organization sanctions.
From a strategic perspective, Trump’s tariffs are 90% “art of the deal” and 10% bluster — a shot over the bow of NAFTA nations as well as China (see North Korea for why that’s true). Trump is a dealmaker first and foremost, and he arguably knows more about business than any previous president in history — and most definitely more than many of the talking heads churning the news-cycle rant loop about tariffs. He’s using that knowledge for the purposes of foreign policy.
As for all the Republican blowback, it’s largely about necessary political cover in an election year. The targeted tariffs play well with Trump’s America First blue-collar base across the nation (formerly the Democrats’ base), and particularly in a few hard-hit industrial states.
Unfortunately, as we noted Wednesday, EU officials have shrewdly targeted Harley Davidson, based in House Speaker Paul Ryan’s home state of Wisconsin, bourbon made in Senate Majority Leader Mitch McConnell’s home state of Kentucky, and orange juice from Florida, the perennial swing state. That punishes Trump’s allies and voters.
At the same time, the U.S. economy is an enormous chunk of the world economy and most of our trade partner beneficiaries will tread carefully in terms of retaliation. On balance, we’d say tariffs are a net drag on the economy, as the vehement opposition signifies, but Trump has an uncanny way of turning this kind of chaos to his advantage.
Source:>>>>>>>>>>>Here
One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)
TRY THE PATRIOT AD FREE
"FIGHTING FOR FREEDOM AND LIBERTY"
and is protected speech pursuant to the "unalienable rights" of all men, and the First (and Second) Amendment to the Constitution of the United States of America, In God we trust
Stand Up To Government Corruption and Hypocrisy
NEVER FORGET THE SACRIFICES
BY OUR VETERANS Note: We at The Patriot cannot make any warranties about the completeness, reliability, and accuracy of this information.
Don't forget to follow the Friends Of Liberty on Facebook and our Page also Pinterest, Twitter, Tumblr and Google Plus PLEASE help spread the word by sharing our articles on your favorite social networks.
LibertygroupFreedom 
The Patriot is a non-partisan, non-profit organization with the mission to Educate, protect and defend individual freedoms and individual rights.
Support the Trump Presidency and help us fight Liberal Media Bias. Please LIKE and SHARE this story on Facebook or Twitter.
WE THE PEOPLE
TOGETHER WE WILL MAKE AMERICA GREAT AGAIN!
Join The Resistance and Share This Article Now!
TOGETHER WE WILL MAKE AMERICA GREAT AGAIN!
Help us spread the word about THE PATRIOT Blog we're reaching millions help us reach millions more.
Help us spread the word about THE PATRIOT Blog we're reaching millions help us reach millions more.
No comments:
Post a Comment